Explanation of your team's predicament
On June 6, sports blogger Starr Lee revealed that the Guizhou team's salary and bonus arrears have reached 8-10 months, with the cumulative amount exceeding hundreds of millions of dollars.
Staley pointed out that although Guizhou had three consecutive victories at the beginning of the new season, it then suffered three consecutive defeats and had no income in the last three rounds of matches, so the team's situation has taken a sharp turn for the worse.
The current predicament faced by your team is closely related to the issue of long-term unpaid wages. What's more grim is that the team's future is full of uncertainty and may even be heading for the end.
Here are the main issues facing your state:
1. Head Coach Manzano's liquidated damages have not yet been settled, involving a large sum of money.
2. The club owes players 8 to 10 months' salary and bonuses in arrears, with only 2.5 months' salary paid out this year, and the accumulated arrears amounting to hundreds of millions of dollars. Players have not even been able to get their IOUs.
3. The Guizhou team suffered a FIFA transfer ban and is not allowed to attract reinforcements or register new players for three years.
The accumulation of these problems has led to waning investor interest in the team, and club owner Wen Xiaoting's focus has long since gone away from soccer. In recent years, the management of the Guizhou club has been in disarray, with super-high salaries for foreign executives not delivering substantial results and high-priced reinforcements being questioned.
It is reported that the team showed hesitation to continue to participate in the Central League after paying the first stage of the resident fee. On the one hand, the Guiyang local government's support for the team is insufficient, on the other hand, Hengfeng's own financial strength is limited, coupled with the team's problems, huge arrears of salaries affect the confidence of investors to continue to invest.
In an interview, head coach Chen Mao said, "No player has raised the issue about win bonuses. They are playing for themselves, not for others." This is a meaningful statement, and the issue of players' salaries is obviously a key factor in the team's subsequent three consecutive defeats. Sources say that if the team is disbanded, there is a possibility that HFC could reorganize the team and start from the lower level of the Champions League.
